Can you explain the process of verifying transactions using a merkle hash tree in simple terms?
k1oudNov 23, 2021 · 3 years ago1 answers
Can you please explain in simple terms how the process of verifying transactions using a merkle hash tree works in the context of cryptocurrencies?
1 answers
- Nov 23, 2021 · 3 years agoIn the world of cryptocurrencies, verifying transactions using a merkle hash tree is like building a strong foundation for a house. Each transaction is like a brick, and the merkle hash tree is the structure that holds all these bricks together. The merkle root, which is the final hash in the tree, represents the entire block of transactions. By comparing this merkle root with the one in the block header, we can easily verify if any transactions have been tampered with. It's like checking if the foundation of the house is solid. If the merkle root matches, we can be confident that the transactions are valid and haven't been tampered with. This process ensures the security and trustworthiness of the transaction data in cryptocurrencies.
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